Eurozone Harmonized Index of Consumer Prices (YoY) in line with forecasts (2.1%) in October

There is a chance for Pound Sterling (GBP) to retest the 1.3120 level; the major support at 1.3100 is unlikely to come into view. GBP is still negative, but it remains to be seen if 1.3100 is within reach during this phase of weakness, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.